Gibberellins Industry Status and Trend Report by 2025
The global Gibberellins Market is expected to reach USD
1,167.8 million by 2025, growing at a CAGR of 8.8%, according to a report by
Grand View Research, Inc. The growing demand for fruits & vegetables owing
to the rapidly developing food & beverages industry is expected to augment
the demand for gibberellin over the forecast period. In addition, the rapidly
growing demand for craft beer is likely to propel the use of gibberellins for
enhancing malt production over the next eight years.
Asia Pacific along with Central & South
America are expected to witness significant growth in the coming years on
account of the rising demand from economies like China, India, and Brazil. The
economies are focusing on high crop productivity and using resources
efficiently to ensure food security through high-yield crop management, using
nutrition efficiently, improving soil quality, and resource & environment
management. This, in turn, is likely to positively affect the market growth
over the coming years.
To Request A Sample Copy @ https://www.grandviewresearch.com/industry-analysis/gibberellins-market/request/rs1
Further key findings from the report suggest:
- Malting of barley application segment is expected to
register a CAGR of 8.6% from 2017 to 2025.
- The increasing sugarcane yield and its application is
expected to witness high demand for gibberellin and record a CAGR of over
7.0% from 2017 to 2025.
- Central & South America accounted for 4.0% market
share in 2016. The region is expected to witness significant growth on
account of rising population and limited land availability for
agricultural production.
- Middle East and Africa is expected to witness growth on
account of high demand for crops in the region coupled with supportive
government policies.
- In July 2017, Monsanto and Valent expanded their
partnership in Roundup Ready Plus Crop Management Solutions for new
product development.
- In January 2017, Marrone Bio Innovations collaborated
with Nufarm to provide agricultural solutions for improving crop
productivity and sustainability in New Zealand and Australia
Grand View Research has segmented the global
gibberellins market on the basis of application and region:
Application Outlook (Volume, Tons; Revenue,
USD Million; 2014 - 2025)
- Malting of barley
- Increasing sugarcane yield
- Fruit production
- Seed production
About Grand View Research:
Grand View Research is an India & U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. Grand
View Research database is used by the world's renowned academic institutions
and Fortune 500 compnies to understand the global and regional business
environment. Our database features thousands of statistics and in-depth
analysis on 46 industries in 25 major countries worldwide.
Contact:
Grand View Research, Inc.
201 Spear Street 1100,
San Francisco, CA 94105
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Comments
Post a Comment